+103K BTC returned to exchanges over 30 days - for the first time since spring 2025. At the same time, stablecoins are leaving CEXs at a pace of -$153M per day.


More coins available for sale. Less liquidity available for buying. This is what a double risk-off setup looks like.
☕️ Morning Brief #179 - what could break this bearish flow regime 👇
BTC-2.13%
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